U.S. hiring accelerates for June 2017

U.S. hiring picked up in June with total nonfarm payrolls employment increasing 220,000. However, the unemployment rate was little changed at 4.4%, the U.S. Bureau of Labor Statistics reported. The rise in total nonfarm payroll employment resulted from increased employment in health care, social assistance, financial activities, and mining.

In June, health care added 37,000 jobs with increased employment reported in, “ambulatory health care services (+26,000) and hospitals (+12,000),” according to the U.S. Bureau of Labor Statistics. Health care has added an average of 24,000 jobs per month in the first half of 2017, compared with a monthly average of 32,000 jobs in 2016.

Social assistance employment climbed 23,000 in June with an upward trend in individual and family service (+12000) and child day care services (+8,000). Additionally, over the past 12 month, social assistance has added 115,000 jobs.

In the financial activities industry, employment grew by 17,000 for June and has grown by 169,000 over the last year. Furthermore, Securities, commodity contracts, and investments added 5,000 jobs over the month.

Mining employment increased 8,000 in June, with majority of the growth coming from support activities for mining (+7,000). Employment in the professional and business services continued to trend upwards in June, increasing by an approximate 35,000.

Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, and government, showed little change over the month.

The unemployment rate at the end of June 2017 stood at 4.4% and the number of unemployed person was 7 million. According to the Bureau, “Since January, the unemployment rate and the number of unemployed are down by 0.4 percentage point and 658,000, respectively.”



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